# Best Asset Tracking Software - Page 15 *By [Nathan Calabrese](https://research.g2.com/insights/author/nathan-calabrese)* Asset tracking software manages the physical locations and the availability of fixed assets and equipment. Asset-intensive companies use asset tracking solutions to optimize asset allocation, improve inventory management, and monitor the status of their assets. This type of software is used by maintenance technicians and supervisors for asset tracking and can also be used by accountants for asset depreciation. Employees responsible for warehouse and inventory management may use asset tracking to manage asset availability and their physical locations. Asset tracking software is provided as a standalone software product or as a part of [CMMS software](https://www.g2.com/categories/cmms) or [enterprise asset management (EAM) software](https://www.g2.com/categories/enterprise-asset-management-eam) products. When delivered separately, asset tracking software is integrated with other asset management software. To qualify for inclusion in the Asset Tracking category, a product must: - Provide features to create asset registries (or lists of assets) - Manage asset categories and the relationship between them - Track various types of assets across multiple physical locations - Maintain a history of all adjustments made to asset inventory or location - Include GIS technology to track assets used for field operations ## Top Asset Tracking Software at a Glance | # | Product | Rating | Best For | What Users Say | |---|---------|--------|----------|----------------| | 1 | [Samsara](https://www.g2.com/products/samsara/reviews) | 4.5/5.0 (4,520 reviews) | Real-time fleet visibility with AI-driven safety coaching | "[Samsara](https://www.g2.com/survey_responses/samsara-review-13057766)" | | 2 | [MaintainX](https://www.g2.com/products/maintainx/reviews) | 4.8/5.0 (1,521 reviews) | Mobile-first asset lifecycle and PM tracking | "[Helping Transform Maintenance from Reactive to Proactive](https://www.g2.com/survey_responses/maintainx-review-12996913)" | | 3 | [Motive](https://www.g2.com/products/motive-technologies/reviews) | 4.4/5.0 (3,084 reviews) | AI-dashcam fleet tracking with ELD compliance | "[User-Friendly Performance with Smooth API Integrations](https://www.g2.com/survey_responses/motive-review-12819966)" | | 4 | [Geotab](https://www.g2.com/products/geotab/reviews) | 4.5/5.0 (192 reviews) | Open-API fleet telematics with driver-behavior intelligence | "[Geotab Review](https://www.g2.com/survey_responses/geotab-review-12703425)" | | 5 | [Cryotos](https://www.g2.com/products/cryotos/reviews) | 4.7/5.0 (888 reviews) | Full asset lifecycle tracking with QR-triggered work orders | "[Easy to use for PPM](https://www.g2.com/survey_responses/cryotos-review-12809418)" | | 6 | [Limble](https://www.g2.com/products/limble/reviews) | 4.8/5.0 (679 reviews) | Maintenance-linked asset tracking with PM automation | "[Simple to Learn, Fast Responses, and Excellent Customer Success Support](https://www.g2.com/survey_responses/limble-review-12914944)" | | 7 | [eMaint](https://www.g2.com/products/emaint/reviews) | 4.4/5.0 (285 reviews) | Multi-site asset tracking with configurable PM workflows | "[Modern, User-Friendly CMMS That Boosts Technician Engagement](https://www.g2.com/survey_responses/emaint-review-13033021)" | | 8 | [Google Asset Tracking](https://www.g2.com/products/google-asset-tracking/reviews) | 4.4/5.0 (17 reviews) | Google Maps-native real-time asset geolocation tracking | "[Real-Time Insights and Alerts That Keep Me on Track](https://www.g2.com/survey_responses/google-asset-tracking-review-12801743)" | | 9 | [ArcGIS GeoEvent Server](https://www.g2.com/products/arcgis-geoevent-server/reviews) | 4.3/5.0 (22 reviews) | Real-time moving asset tracking inside ArcGIS | "[GeoEvent Server is a must used tool for utility industry-It can save operational cost.](https://www.g2.com/survey_responses/arcgis-geoevent-server-review-2958875)" | | 10 | [osapiens](https://www.g2.com/products/osapiens/reviews) | 4.4/5.0 (231 reviews) | End-to-end supply chain traceability and compliance | "[Reliable Support and Efficient Solutions from Osapiens](https://www.g2.com/survey_responses/osapiens-review-12830057)" | --- ## What Are the Most Common Questions About Asset Tracking Software? *AI-generated · Last updated: May 26, 2026* ### What best platforms for tracking company equipment and inventory? Based on G2 reviews, buyers evaluating asset tracking software for company equipment and inventory often prioritize ease of use, centralized visibility, and faster recordkeeping across teams. According to verified users, MaintainX is frequently praised for keeping assets, maintenance records, inventory, and work orders in one place. G2 reviewers mention Samsara for tracking fleet equipment and related operational data in a single system, while Motive is noted for visibility into vehicles, drivers, and maintenance activity. Across recent reviews, users consistently value platforms that reduce spreadsheet use, improve accountability, and make it easier to locate equipment, monitor status, and support day-to-day operations from one system. **Here are some of the top-rated products on G2:** - [MaintainX](https://www.g2.com/products/maintainx/reviews/maintainx-review-12831698) – helps teams organize maintenance operations, track assets, and manage inventory and work orders in one system - [Samsara](https://www.g2.com/products/samsara/reviews/samsara-review-12614276) – supports tracking assets and fleet equipment in one place with straightforward workflows - [Motive](https://www.g2.com/products/motive-technologies/reviews/motive-review-12685711) – gives teams visibility into vehicles, drivers, asset tracking, and maintenance issues ### Which asset tracking tool offers GPS-enabled monitoring? Based on G2 reviews, Samsara stands out for GPS-enabled monitoring in this category. According to verified users, it is regularly used to locate trucks, monitor fleet activity in real time, apply geofences, and track routes, assets, and driver status from a centralized dashboard. G2 reviewers mention that live maps, visibility into vehicle location, and alerts around movement or exceptions help teams improve response time, dispatching, and operational awareness. Reviews also note related strengths such as safety monitoring, reporting, and easier oversight of vehicles and equipment. Some users mention occasional lag or location update delays, but the overall review volume most strongly supports Samsara for GPS-based monitoring needs. ### Which is the best asset tracking software for enterprises? Based on G2 reviews, Samsara is the strongest fit for enterprises in this recent review set because reviewers repeatedly describe using it across large fleets, multiple business units, and broad safety and operations workflows. According to verified users, enterprise-scale value comes from bringing tracking, reporting, driver monitoring, compliance, and equipment visibility into one platform. G2 reviewers mention centralized dashboards, easier coaching workflows, and better visibility into assets and performance across many vehicles and teams. Users also highlight operational awareness, support for compliance processes, and improved coordination for large-scale environments. Some reviews note areas for refinement like reporting flexibility or alert sensitivity, but enterprise buyers consistently point to broad operational coverage and centralized control. ### Which platform is best for vehicle fleet asset tracking? Based on G2 reviews, Samsara is the best-supported option here for vehicle fleet asset tracking. According to verified users, it helps teams locate trucks and vehicles quickly, monitor live maps, review driver activity, track hours and compliance data, and improve dispatch visibility. G2 reviewers mention that having vehicle location, reports, safety information, and asset details in one place makes daily fleet management easier and more organized. Reviews also highlight geofencing, route oversight, and visibility into stops, drive time, and equipment status as practical benefits for fleet teams. While some users mention lag, loading issues, or alert sensitivity, the overall body of recent reviews most consistently supports Samsara for vehicle-focused asset tracking. ### What best tools for asset tracking in construction projects? Based on G2 reviews, construction-focused buyers often look for software that improves visibility across vehicles, crews, and equipment spread across sites. According to verified users, Samsara is used in construction operations to manage fleet tracking, deliveries, scheduling, and accountability across field work. G2 reviewers mention Motive for tracking fleets, maintenance issues, and crew locations, which can support coordination in active job environments. MaintainX is also relevant where construction-adjacent teams need work order tracking, asset records, and maintenance workflows in one system. Across reviews, the most common benefits are better visibility, fewer manual processes, easier coordination across locations, and faster access to asset or equipment history when teams are working in the field. **Here are some of the top-rated products on G2:** - [Samsara](https://www.g2.com/products/samsara/reviews/samsara-review-12545530) – helps construction teams track vehicles and crews across job sites with live GPS and field visibility - [Motive](https://www.g2.com/products/motive-technologies/reviews/motive-review-12683086) – supports tracking crews and fleet activity while helping teams backtrack locations and field movement - [MaintainX](https://www.g2.com/products/maintainx/reviews/maintainx-review-12438354) – centralizes asset records, work orders, and spare parts tracking for equipment-heavy operations ### What top-rated asset tracking solutions with barcode/RFID support? Based on G2 reviews, buyers looking for barcode-oriented asset tracking often focus on products that make scanning, check-in and check-out, and item visibility easier for daily operations. According to verified users, EZO is recognized for barcode and QR-based workflows, including check-in, check-out, and tracking inventory across locations. G2 reviewers mention Wasp Asset for barcode printing and web-based tracking, and GoCodes Asset Tracking for QR-based asset records and mobile-friendly check-in and check-out processes. Reviews in this dataset discuss scanning, labeling, and tagged asset identification much more often than RFID specifically, so barcode and QR support are better grounded in the recent review set than RFID claims. **Here are some of the top-rated products on G2:** - [EZO](https://www.g2.com/products/ezo/reviews/ezo-review-11782354) – supports barcode and QR scanning, check-in and check-out, and multi-site inventory visibility - [Wasp Asset](https://www.g2.com/products/wasp-asset/reviews/wasp-asset-review-12467085) – helps teams print barcodes and track devices, locations, and assignments through the web platform - [GoCodes Asset Tracking](https://www.g2.com/products/gocodes-asset-tracking/reviews/gocodes-asset-tracking-review-12720521) – enables QR-based check-in and check-out management without requiring special hardware ### Which asset tracking platform offers mobile app access? Based on G2 reviews, Samsara clearly offers mobile app access, and reviewers discuss both the fleet app experience and mobile-related workflows. According to verified users, teams use it to monitor vehicles, receive alerts, review data, and support operations while away from a desk. G2 reviewers mention that mobile functionality is valuable for field teams and managers, even though some users would like the app to be improved further. Other products in the category also mention mobile access, but Samsara has the strongest review presence tied to field use, driver workflows, and on-the-go visibility. Reviews suggest buyers should expect useful mobile access for day-to-day oversight, with some room for enhancement in specific mobile features. ### What best software for tracking assets across multiple sites? Based on G2 reviews, software for multi-site asset tracking is most valued when it centralizes records, supports visibility across locations, and reduces reliance on separate spreadsheets or disconnected systems. According to verified users, MaintainX helps teams manage assets, work orders, parts, and maintenance history across departments and facilities in one system. G2 reviewers mention Geotab for broad fleet visibility and reporting across vehicles and operations, while EZO is cited for tracking inventory and assets across multiple offices or locations. Recent reviews consistently point to centralized access, clearer accountability, and faster searchability as the main reasons buyers choose multi-site asset tracking software. **Here are some of the top-rated products on G2:** - [MaintainX](https://www.g2.com/products/maintainx/reviews/maintainx-review-11413648) – helps teams monitor spare parts, assets, and work requests across several facilities in one platform - [Geotab](https://www.g2.com/products/geotab/reviews/geotab-review-12114291) – provides real-time visibility into large fleets across many drivers and locations - [EZO](https://www.g2.com/products/ezo/reviews/ezo-review-11352143) – centralizes tracking for IT and other assets across multiple office locations ### What top software for asset utilization analytics? Based on G2 reviews, buyers interested in asset utilization analytics often want reporting that connects location, usage, downtime, cost, and maintenance history. According to verified users, Geotab is frequently praised for detailed reporting, utilization visibility, and operational insights tied to fleet performance. G2 reviewers mention Samsara for dashboards and reporting that help teams compare trends, monitor workflows, and improve operational awareness. Tenna also appears in reviews focused on utilization reporting and asset management across branches. Across the recent review set, the most grounded signals for analytics come from products that help users analyze asset usage patterns, identify inefficiencies, and make more informed planning decisions from centralized reporting tools. **Here are some of the top-rated products on G2:** - [Geotab](https://www.g2.com/products/geotab/reviews/geotab-review-12116876) – helps teams analyze truck utilization, efficiency, and fleet performance with detailed reporting - [Samsara](https://www.g2.com/products/samsara/reviews/samsara-review-10458385) – centralizes dashboards and reporting to track trends, compare locations, and improve decision-making - [Tenna](https://www.g2.com/products/tenna/reviews/tenna-review-11842608) – supports utilization reporting that replaces manual asset reporting workflows ### What top tools for real-time asset location monitoring? Based on G2 reviews, real-time asset location monitoring is most often associated with products that provide live maps, current location visibility, and fast access to movement history. According to verified users, Samsara is widely used for real-time tracking of vehicles, loads, and assets, helping teams answer customer questions and respond quickly to operational issues. G2 reviewers mention Motive for live tracking, ETAs, and visibility into vehicles and assets, while Geotab is also noted for real-time updates and location monitoring. Across recent reviews, the strongest themes are immediate visibility, easier dispatching, better route oversight, and faster access to current asset status when field conditions change. **Here are some of the top-rated products on G2:** - [Samsara](https://www.g2.com/products/samsara/reviews/samsara-review-12650109) – gives teams live map visibility into vehicle location, stops, and schedule status for faster decisions - [Motive](https://www.g2.com/products/motive-technologies/reviews/motive-review-12677192) – supports real-time live tracking of drivers and fleet activity for daily oversight - [Geotab](https://www.g2.com/products/geotab/reviews/geotab-review-12113600) – helps users see in live time where assets are located and monitor fleet maintenance needs ## How Many Asset Tracking Software Products Does G2 Track? **Total Products under this Category:** 286 ### Category Stats (Jul 2026) - **Average Rating**: 4.42/5 The average rating of products in this category, based on all submitted ratings - **Top Trending Product**: ServiceChannel (+1.43%) - Among all products in this category, ServiceChannel recorded the largest rating increase compared to last month *Last updated: July 03, 2026* ## How Does G2 Rank Asset Tracking Software Products? **Why You Can Trust G2's Software Rankings:** - 30 Analysts and Data Experts - 15,600+ Authentic Reviews - 286+ Products - Unbiased Rankings G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category. ## Which Asset Tracking Software Is Best for Your Use Case? - **Leader:** [Samsara](https://www.g2.com/products/samsara/reviews) - **Highest Performer:** [Cryotos](https://www.g2.com/products/cryotos/reviews) - **Easiest to Use:** [Limble](https://www.g2.com/products/limble/reviews) - **Top Trending:** [MaintainX](https://www.g2.com/products/maintainx/reviews) - **Best Free Software:** [Samsara](https://www.g2.com/products/samsara/reviews) --- **Sponsored** ### Waydev Waydev is the leading Software Engineering Intelligence platform, trusted by Fortune 500 companies to measure engineering performance and accelerate delivery. We go beyond basic DORA metrics by providing over 130+ actionable insights across productivity, quality, DevOps performance, process hygiene, and team health. Our platform integrates seamlessly with Git, Jira, and CI/CD tools, giving engineering leaders full visibility into how their teams deliver software. With predictive analytics, benchmarking, and AI-powered recommendations, Waydev helps organizations improve velocity, reduce bottlenecks, and align engineering with business outcomes. Founded in 2017 and backed by Y Combinator, Waydev is the only scalable solution built for enterprises that need reliable, data-driven insights into software delivery. Companies like American Express, Dropbox, and Citibank trust Waydev to turn engineering data into business impact. [Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1631&secure%5Bchosen_at%5D=2026-07-03T05%3A14%3A21Z&secure%5Bdisplayable_resource_id%5D=1993&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=retargeted_product&secure%5Bplacement_resource_ids%5D%5B%5D=57040&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=57040&secure%5Bresource_id%5D=1631&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fasset-tracking%3Fpage%3D15&secure%5Btoken%5D=b8537d921049243ddbfc5a10470475ab1e43f23a6a95a2ab2d7060a7eaa07c83&secure%5Burl%5D=https%3A%2F%2Fwaydev.co%2F&secure%5Burl_type%5D=custom_url) --- ## What Is Asset Tracking Software? [Asset Management Software](https://www.g2.com/categories/asset-management) ## What Software Categories Are Similar to Asset Tracking Software? - [CMMS Software](https://www.g2.com/categories/cmms) - [Enterprise Asset Management (EAM) Software](https://www.g2.com/categories/enterprise-asset-management-eam) - [Asset Performance Management Software](https://www.g2.com/categories/asset-performance-management) --- ## How Do You Choose the Right Asset Tracking Software? ### What You Should Know About Asset Tracking Software ### What is Asset Tracking Software? Asset tracking software manages the physical locations and the availability of fixed assets and equipment. Asset-intensive companies use asset tracking solutions to optimize workflows for asset allocation, improve inventory management, and monitor the status of their assets. This software helps organizations locate and replace lost or missing physical assets and those that can no longer be used or have value.  #### What Types of Asset Tracking Software Exist? Asset tracking tools are very similar, and there are very few variations of this type of software, the most important being: **Standalone or add-ons** Asset tracking software is provided as a standalone product or as a part of CMMS software or enterprise asset management (EAM) software. When delivered separately, asset tracking software is integrated with other asset management software. **Industry agnostic or vertical focused** While most asset tracking tools offer similar features, some of them focus on specific industries such as manufacturing or oil and gas. ### What are the Common Features of Asset Tracking Software? **Creates asset registries (or lists of assets):** Asset registries (or lists of assets) are complete listings of a business or an entity's physical resources. Asset tracking software helps to list and track the date assets were purchased, calculate their value, and identify their physical locations at any given time. **Manages asset categories:** As an asset is purchased, sold, or no longer holds any value, it needs to be correctly recorded on an organization's balance sheet and cash flow statements. This is why asset tracking software must have the ability to classify and manage different asset categories, such as fixed, current, and noncurrent. Depending on what type of asset a company has, it might be recorded as a cash inflow, outflow, or entirely written off the balance sheet if it no longer has monetary value. **Tracks various types of assets across multiple physical locations:** Asset tracking software can track the physical movement of assets by tagging them with multiple technologies. These tagging technologies typically include RFID tags, QR codes, and barcodes. As an asset tag is scanned, its location and the user who checked it would be updated and stored in the software, which shows exactly where each asset is and has been. This feature helps management review previous asset movements for future planning and continuous improvement. **Includes** **geographic information system** (**GIS) technology to track assets:** GIS collects and analyzes many different types of data to create visualizations using maps. These maps contain locations, routes, geographic features, and other spatial information that asset managers can use for a deeper dive into data to uncover patterns, solve problems, and make smarter decisions. ### What are the Benefits of Asset Tracking Software? Asset tracking software provides many benefits to its users across an organization with fixed, digital, or IT assets being stored and transferred between physical locations. Some of the most important benefits are below. **Accurate asset registers:** This software helps to maintain a detailed list of business assets, which includes relevant asset information, such as the owner, location, current condition, and warranty status. This registry allows the business to consistently know the current value, price, status, and depreciation of each asset, to name a few. **Reduced costs:** Asset tracking software reduces costs by implementing proactive maintenance on assets that would otherwise require more significant amounts of capital if they failed in the future. This software can also monitor the status and location of assets to help prevent employee theft and automatically account for ghost assets and remove them from the general ledger (GL). This benefit helps avoid overpayment of taxes and the replacement of assets unnecessarily. **Improved inventory management:** Asset tracking software helps automatically count inventory and automate the purchase of more goods when a low stock level is triggered. This helps to cut down on manual inventory counts, which are time consuming, expensive, and open the door to potential miscounts or inaccurate information due to human error. **Increased visibility:** Asset tracking software gives managers and workers the visibility required to increase productivity and efficiency and reduce both property loss and search time as items move through all stages of daily operations. It also helps to locate, manage and track assets, people, and equipment worldwide. This visibility streamlines and automates workflows and processes that reduce downtime, waste while improving productivity. **Improved data accuracy:** Data collected and analyzed through asset tracking software can help managers to make informed decisions and identify opportunities and inefficiencies in processes. This software helps with this by collecting and analyzing real-time data while keeping it contained and accessible through one central repository. ### Who Uses Asset Tracking Software? All employees that use or manage assets and equipment can benefit from using this type of software, but asset tracking is critical for the following roles: **Asset managers:** This type of software is used by maintenance technicians and supervisors for asset tracking. This includes the physical location of equipment and tools, their value, status, and warranty information. Maintenance work relies on the asset registries and the GIS positioning provided by asset tracking solutions. Accurate tracking improves maintenance management and reduces downtime. **Field technicians:** Employees responsible for field service activities may use asset tracking to manage asset availability and their physical locations. In some cases like facility management services, field service technicians cannot perform maintenance without tools and equipment, making asset tracking critical for their work. **Operations managers:** Production and warehouse managers use asset tracking to streamline operations based on each piece of equipment's availability. For example, forklifts are used to unload trucks and to move heavy items between locations of a warehouse. Since logistics companies have a limited number of forklifts, warehouse managers need to optimize their performance by planning and monitoring their use. **Accountants** : Accountants can also use asset tracking software for asset depreciation or the changes in the asset value during its lifecycle. Assets and their maintenance are a critical component of the total cost of products and services.  ### What are the Alternatives to Asset Tracking Software? Alternatives to asset tracking software can replace this type of software, either partially or entirely: [CMMS](https://www.g2.com/categories/cmms): CMMS is a good alternative when buyers need functionality for asset lifecycle management, not only asset tracking. Using CMMS for asset tracking only is not recommended. The only exception is when a company uses CMMS in multiple locations, and some of them only use the system for asset tracking.  [IT asset management software](https://www.g2.com/categories/it-asset-management): IT departments can theoretically use asset tracking software but would benefit more from adopting IT asset management solutions designed for their specific needs. Other than tracking, IT assets like hardware and software require regular updates and policies and procedures related to privacy and security. [Tool tracking software](https://www.g2.com/categories/tool-tracking): Tool tracking software is a light version of asset tracking, which helps companies track small equipment and tools rather than fixed assets. For instance, a cleaning business needs to track tools like vacuum cleaners, pressure washers, or floor cleaning machines. [Fleet tracking software](https://www.g2.com/categories/fleet-tracking) **:** While vehicles are fixed assets, tracking them is challenging because they’re always moving. GIS is therefore critical to monitoring vehicles as well as drivers in real time. Furthermore, companies need to track mileage for vehicles to determine their performance and to schedule preventive maintenance.  #### Software Related to Asset Tracking Software Related solutions that can be used together with asset tracking software include: [Inventory control software](https://www.g2.com/categories/inventory-control) **:** Other than assets and equipment, companies also need to manage the inventory of spare parts and accessories required for maintenance and repairs. Inventory management is crucial when companies have multiple locations with a high volume of inventory. [Job shop management software](https://www.g2.com/categories/job-shop-management) **:** This type of software focuses on the needs of small manufacturers with basic operations such as assembly and kitting. The equipment used by these companies is not complex enough to justify an investment in CMMS software, thus making asset tracking the optimal choice.  [Calibration software](https://www.g2.com/categories/calibration) **:** Employees use calibration software to ensure that equipment and tools function within the standard parameters defined by the manufacturer of the assets. Calibration requires measurement tools that can also be managed using asset tracking software.  [Field service management software](https://www.g2.com/categories/field-service-management): Companies that use assets for field operations need to integrate their asset tracking software with field service management. This allows dispatchers to schedule work based on the availability of their assets and technicians. ### Challenges with Asset Tracking Software Asset tracking software solutions can come with their own set of challenges, the most important being: **Narrow scope of the software:** While asset tracking software is the best option for SMBs, some companies outgrow this type of software and need to replace it with more advanced asset management systems such as CMMS or EAM solutions.  **Integration:** Asset tracking needs to integrate with multiple types of software, from ERP and accounting to inventory control and field service management. Cloud or SaaS solutions are easier to integrate through APIs, but ERP and asset tracking tools can still be used on-premises, making integration challenging. ### Which Companies Should Buy Asset Tracking Software? Any company that uses equipment and tools can use this type of software, but it is beneficial mainly for asset-intensive companies, such as: **Manufacturers:** Manufacturing companies use assets for production and need to know which assets are used where and how. Planning production operations depends a lot on the availability of the equipment necessary to manufacture goods.  **Retailers:** Retailers and distributors rely on equipment such as forklifts to ensure that stores are fulfilled efficiently. It is also essential that retailers monitor asset usage across multiple locations such as stores and warehouses. **Repair services providers:** Professional services companies that focus on maintenance and repairs need to track the tools and equipment used to perform work. In some cases, they may also monitor the assets of their customers. ### How to Buy Asset Tracking Software #### Requirements Gathering (RFI/RFP) for Asset Tracking Software Requirements should focus on asset tracking functionality, not on broader features for asset management and maintenance. Industry-specific features are also important such as mobile apps for field service or integration with ERP systems for manufacturing. #### Compare Asset Tracking Software Products **Create a long list** A long list includes software that provide core features for asset tracking, such as inventory management, work orders, barcode scanning, and asset registries and maintenance history. **Create a short list** The short list can be created by eliminating products from the long list based on various criteria. For example, GIS tracking isn't always included, and field technicians need mobile apps that can be used online and offline. Buyers can also use references and user reviews to eliminate products from the long list.  **Conduct demos** A demo should focus on the critical functionality to the buyer, not on generic features provided by most asset tracking solutions. Ideally, buyers should see how the system manages operations similar to theirs. Tracking assets in a single location can be very different from monitoring equipment used in the field. Other factors to consider are the ease of use of the system, its compatibility with hardware such as barcode scanners, or the ability to generate custom reports.  #### Selection of Asset Tracking Software **Choose a selection team** The selection team includes asset managers and the members of the maintenance team that will use the software. Depending on the buyer's industry, other managers may be involved, such as production managers in manufacturing or project managers in professional services.  **Negotiation** While the price and incentives like discounts can be essential in negotiation, the functionality should take precedence over cost. Software that doesn't cover the main requirements of the buyer may be affordable, but the company may need to invest in additional technology. For example, if the solution does not provide GIS tracking, the buyer will have to buy separate software for GIS. **Final decision** Asset managers should make the final decision by selecting the software that provides the best features for the company.  ### What Does Asset Tracking Software Cost? Direct costs comprise software licenses, implementation, customization, support, and services. Indirect costs refer to the financial impact of the migration to a new system and expenses associated with the software. For instance, buyers may need to buy rugged mobile devices or barcode readers to optimize the use of their asset tracking software.  #### Return on Investment (ROI) Positive ROI is achieved when the benefits exceed the costs of the system. To calculate ROI, buyers need to estimate the benefits' numerical value and then compare it with the total cost. For instance, if technicians spend less time looking for equipment, the benefit realized can be estimated by multiplying the time saved in hours and the average salary per hour.  ### Implementation of Asset Tracking Software **How is Asset Tracking Software Implemented?** Depending on the complexity of the system, asset tracking can be implemented by the buyers' in-house teams or through collaboration with the vendor and its partners. Medium and large businesses with multiple locations benefit from using a phased approach to the implementation. This means that each site is implemented following a predetermined schedule, not at the same time.  **Who is Responsible for Asset Tracking Software Implementation?** The implementation team should always include asset managers from the buyer and project managers from the vendor. IT managers and other executives can also be involved, as well as external consultants with implementation experience.  **What Does the Implementation Process Look Like for Asset Tracking Software?** The implementation team works closely with the vendor to plan the deployment. The plan includes stages such as data migration, software testing, training, and the go-live date. All asset data from previous systems or data sources are consolidated and cleansed before being imported into the new system.  **When Should You Implement Asset Tracking Software?** While there is no ideal time to implement asset tracking, it is recommended that buyers avoid peak periods when assets are used at maximum capacity. The company cannot afford to disrupt its operations. The timing for implementing asset tracking also depends on other software deployment projects. For instance, a company deploying a CMMS or EAM system in multiple locations and a separate asset tracking tool in another site should synchronize the implementation across all business units.  ### Asset Tracking Software Trends **Market consolidation** Many asset tracking software products either evolve into CMMS solutions or get acquired by CMMS vendors.